Archive for the February 16, 2019
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Gold jumped to a two-week high on Friday after weak US economic data boosted expectations the US Federal Reserve would hold pat on monetary tightening, while palladium matched an all-time high on a prolonged deficit.
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US wheat futures fell to multi-month lows on Friday, despite broad strength in commodity and equity markets as grain traders eyed falling prices in the global cash wheat market and bearish technical signals. Soyabeans climbed
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Gold jumped to a two-week high on Friday after weak US economic data boosted expectations the US Federal Reserve would hold pat on monetary tightening, while palladium matched an all-time high on a prolonged deficit.
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On Thursday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,635. The traded value of Metals, Energy and COTS/FX was recorded at PKR 10.612 billion and the number of lots traded 18,093. Major
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China's iron ore futures recovered on Thursday after falling more than 4 percent in the past two sessions, but weak appetite for the high-priced raw material and doubts over actual supply disruption at the world's
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Chicago Board of Trade (CBOT) wheat futures fell to a six-week low on Thursday, while K.C. wheat futures dropped to new contract lows across the board, amid technical selling and traders scrambling to respond to
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Chicago Board of Trade (CBOT) corn futures fell more than 1 percent on Thursday, following weakness in the soyabean and wheat markets and pressured by disappointing export sales, traders said. CBOT March corn settled down
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Euronext wheat futures on Thursday hit their lowest in over six months in an unexpectedly sharp slide fuelled by technical selling and worries that an upturn in demand is coming too late to make up
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The Karachi Port handled 160,716 tonnes of cargo comprising 105,699 tonnes of import cargo and 55,017 tonnes of export cargo including 7,781 loaded and empty containers during the last 24 hours ending at 0700 hours
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Steady trend was seen on the cotton market on Friday in the process of improved business activity, dealers said. The official spot rate was unchanged at Rs 8,600, they added. In the ready session, approximately
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